PVH
PVH, -1.98%
shares picked up 0.7% to $90.39 following the company’s report that fourth-quarter adjusted earnings were $1.18 a share, higher than the estimate of $1.10 a share produced by a FactSet Research survey of analysts. Total revenue at PVH, whose licensed brands include Calvin Klein, Izod and Tommy Hilfiger, rose to $1.53 billon from $1.4 billion a year ago. Wall Street had expected $1.49 billion in sales.

Net earnings for the fourth quarter were $81.2 million, or $1.11 a share, compared with $52.2 million, or 72 cents a share, in the year-ago period.

PVH also forecast first-quarter adjusted earnings of $1.23 a share to $1.25 a share. Revenue is projected to grow 1% to 2% from the year-earlier period’s level at $1.37 billion. Wall Street is looking for $1.32 a share on $1.43 billion in revenue. PVH expects the first quarter to be the quarter “most severely impacted” by significantly higher year-over-year product costs, as first-quarter selling will include product from the Fall 2011 and the Spring 2012 seasons.

Sealy
ZZ
shares climbed 15% to $2.17 in light volume. The company swung to a first-quarter profit of $1.2 million, or a penny a share. A year ago, it lost $902,000, or also about a penny a share. Earnings from continuing operations were roughly breakeven a year ago. Revenue rose 2.2% to $312.3 million.

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